Auto Blower Sdn Bhd is a local air blower manufacturing company. The company made up its account to 31 December annually. The following information is for the company's assets for the year ended 31 December 2021. Motor vehicle On 1 June 2020, a secondhand BMW was bought for the general manager under hire purchase loan amounted to RM80,000. The cash price of the car was RM120,000. Auto Blower Sdn Bhd paid RM40,000 as deposit and the hire purchase term was for a period of 48 months. The monthly instalment is RM2,500 commencing from 1 July 2020. Heavy machinery Heavy machinery was acquired on 1 November 2019 at RM95,500, however the heavy machinery was only used for manufacturing purposes on 1 January 2020 . The company disposed the heavy machinery on 31 October 2021 for RM79,000. Leather sofa set Two (2) leather sofa sets for office use were purchased on 15 August 2021. Each set of the leather sofa cost RM1,500. Auto Blower Sdn Bhd constructed a new factory block (Block B) which was adjunct to the existing factory block (Block A ) in September 2020, with the following costs: The factory was completed and used on 1 March 2021. Required: Calculate the capital allowances, industrial allowance, balancing allowances/charges (if any) that can be claimed by Auto Blower Sdn Bhd for all the relevant years up to the year of assessment 2021. (19 marks) (Total: 22 marks) Auto Blower Sdn Bhd is a local air blower manufacturing company. The company made up its account to 31 December annually. The following information is for the company's assets for the year ended 31 December 2021. Motor vehicle On 1 June 2020, a secondhand BMW was bought for the general manager under hire purchase loan amounted to RM80,000. The cash price of the car was RM120,000. Auto Blower Sdn Bhd paid RM40,000 as deposit and the hire purchase term was for a period of 48 months. The monthly instalment is RM2,500 commencing from 1 July 2020. Heavy machinery Heavy machinery was acquired on 1 November 2019 at RM95,500, however the heavy machinery was only used for manufacturing purposes on 1 January 2020 . The company disposed the heavy machinery on 31 October 2021 for RM79,000. Leather sofa set Two (2) leather sofa sets for office use were purchased on 15 August 2021. Each set of the leather sofa cost RM1,500. Auto Blower Sdn Bhd constructed a new factory block (Block B) which was adjunct to the existing factory block (Block A ) in September 2020, with the following costs: The factory was completed and used on 1 March 2021. Required: Calculate the capital allowances, industrial allowance, balancing allowances/charges (if any) that can be claimed by Auto Blower Sdn Bhd for all the relevant years up to the year of assessment 2021. (19 marks) (Total: 22 marks)
